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Crypto losses: $200 million in 2024 due to hacks, rug pulls

31.5.2024
Recently, in the year 2024, the cryptocurrency industry has experienced a rapid increase in financial damages due to the frequent occurrence of cyberattacks such as hacks and rug pulls. Immunefi, a blockchain security firm, disclosed that 32 confirmed attacks resulted in losses exceeding $200...

Bitdeer Announces $100 Million Investment From Tether

31.5.2024
On Friday, the publicly listed mining company Bitdeer Technologies Group revealed that the leading stablecoin firm Tether has purchased $100 million in Bitdeer shares. Additionally, Tether holds an option to acquire an additional $50 million in shares in the future. Bitdeer and Tether Forge...

Over $300M in BTC Stolen From Japanese Exchange DMM Bitcoin in Major Security Breach

31.5.2024
DMM Bitcoin, a subsidiary of DMM Group, has reported a significant security breach resulting in the theft of 4,502.9 bitcoin (BTC), valued at approximately $303 million. The Japanese cryptocurrency exchange detected the unauthorized transfer of funds from its wallet at 1:26 p.m. on Friday, May...

Analyzing Tether’s 111 Billion Supply: Top USDT Wallets on Tron and Ethereum

31.5.2024
This year, the supply of the stablecoin tether has surpassed the $100 billion mark, and today, the leading dollar-pegged token boasts a market valuation of $111.9 billion. The majority of this supply resides on Tron, with the network hosting $58 billion in tethers, while Ethereum accounts for...

Japanese Crypto Exchange DMM Bitcoin Suffers $305M Hack

31.5.2024
Measures have been taken to prevent further unauthorized outflows, the exchange said

May Shatters Bitcoin Transaction Records, Highlighting a Year of Unparalleled Achievements

31.5.2024
According to recent data, May has set new records for milestones within the Bitcoin network. Following the record-breaking number of transactions confirmed on April 23, four of the top five days with the highest transaction counts settled on the Bitcoin blockchain occurred in May. 2024: A Banner...

Crypto market braces for options expiry & inflation data impact

31.5.2024
Two events are about to happen on May 31, 2024. First, the monthly options for Bitcoin and Ethereum are about to expire. Second, the Federal Reserve is expected to post inflation data. Both could potentially impact the sentiments in the crypto market. Inflation data could be lower than expected...

How billions in outflows from Grayscale could impact Ethereum ETF launch

31.5.2024
Outflows from the Grayscale Ethereum Trust (ETHE) could dampen the Spot Ethereum ETF approval party but create significant opportunities for traders

Tether invests $150M in Jihan Wu’s crypto mining firm Bitdeer

31.5.2024
Following the investment, Tether expects close collaboration with Bitdeer across several key infrastructure areas, CEO Paolo Ardoino said

Bitcoin Technical Analysis: BTC Maintains Stability in Narrow Triangular Formation

31.5.2024
Bitcoin’s valuation presently resides at $68,402, boasting a market capitalization of $1.34 trillion and a 24-hour trading volume of $23.93 billion. Throughout the previous day, BTC’s price has maintained a tightly consolidated triangular pattern. Bitcoin Bitcoin’s (BTC) daily...

First Mover Americas: Crypto Market Flat Ahead of U.S. Inflation Data

31.5.2024
The latest price moves in bitcoin (BTC) and crypto markets in context for May 31, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets

Paraguayan Authorities Shut Down 2,700 Miners in Largest Anti-Illegal Bitcoin Mining Intervention to Date

31.5.2024
Paraguayan authorities detected and shut down an illegal bitcoin mining farm that had over 2,700 miners connected directly to the country’s power grid. The operation, carried out in the city of Saltos de Guaira and situated near a national power facility, was deemed by authorities as the largest...

Smart crypto trader who made $2.7 million on Donald Trump’s MAGA coin reveals the next 100x runner

31.5.2024
Known only by their wallet “0x303”, a smart crypto trader made $2.7 million from the MAGA (TRUMP) meme coin, etching their presence into the annals of crypto lore just before the start of what is looking to be the beginning of the bull run. In search of the next crypto goldmine, this savvy trader...

Crypto Bettors Lay 17% Odds on Donald Trump in Jail Before Election Day

31.5.2024
Gamblers have placed almost $900,000 in bets on the “Trump in jail before election day?” market on the predictions application Polymarket

Crypto market braces for $875M token unlocks in June

31.5.2024
Nearly $875 million in crypto tokens from projects like Aptos, Arbitrum, Starknet and Sui will be unlocked in June as vesting periods end

Trading revenue of Coinbase facing pressure as crypto market matures

31.5.2024
The consumer trading volume of Coinbase has dropped to $56 billion in the first quarter of 2024. This is in comparison to the fourth quarter of 2021, a time when the crypto market was experiencing a massive bull run. This is credited to the market attaining maturity since the approval of the Spot...